Portugal - Beef (Cattle Meat) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBeef Price in Portugal - 2023
Contents:
- Beef Price in Portugal (CIF) - 2023
- Beef Price in Portugal (FOB) - 2023
- Beef Imports in Portugal
- Beef Exports in Portugal
Beef Price in Portugal (CIF) - 2023
The average beef import price stood at $7,168 per ton in June 2023, almost unchanged from the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 10% m-o-m. As a result, import price reached the peak level of $7,346 per ton. From May 2023 to June 2023, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the highest price was recorded for prices from the Netherlands ($9,030 per ton) and Poland ($8,782 per ton), while the price for Spain ($6,053 per ton) and Brazil ($6,618 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Spain (+0.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Beef Price in Portugal (FOB) - 2023
In June 2023, the average beef export price amounted to $5,321 per ton, which is down by -3.8% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 when the average export price increased by 11% m-o-m. The export price peaked at $5,951 per ton in April 2023; however, from May 2023 to June 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Italy ($11,639 per ton), while the average price for exports to Belgium ($4,095 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.
Beef Imports in Portugal
Beef imports into Portugal expanded remarkably to 123K tons in 2022, surging by 11% on the previous year's figure. In general, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, beef imports soared to $818M in 2022. The total import value increased at an average annual rate of +8.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Beef in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 357 | 312 | 353 | 435 | 6.8% |
| Netherlands | 121 | 111 | 130 | 154 | 8.4% |
| Poland | 38.7 | 39.0 | 46.5 | 55.2 | 12.6% |
| Ireland | 18.4 | 18.9 | 21.8 | 36.8 | 26.0% |
| France | 19.7 | 13.8 | 18.7 | 25.6 | 9.1% |
| Belgium | 13.5 | 13.3 | 17.2 | 20.0 | 14.0% |
| Germany | 17.3 | 12.6 | 15.7 | 17.7 | 0.8% |
| Others | 50.6 | 35.8 | 41.4 | 74.1 | 13.6% |
| Total | 636 | 557 | 644 | 818 | 8.8% |
Top Suppliers of Beef to Portugal in 2022:
- Spain (79.2K tons)
- Netherlands (17.8K tons)
- Poland (6.8K tons)
- Ireland (5.0K tons)
- France (3.6K tons)
- Belgium (2.8K tons)
- Germany (1.6K tons)
Beef Exports in Portugal
In 2022, approx. 18K tons of beef (cattle meat) were exported from Portugal; rising by 9.1% against 2021 figures. The total export volume increased at an average annual rate of +8.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 18% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, beef exports skyrocketed to $92M in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 42%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Beef in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 27.5 | 28.3 | 34.6 | 41.9 | 15.1% |
| Netherlands | 11.3 | 6.4 | 7.5 | 12.4 | 3.1% |
| United Kingdom | 1.0 | 4.1 | 11.3 | 8.9 | 107.2% |
| France | 3.5 | 4.9 | 5.5 | 7.8 | 30.6% |
| Germany | 2.0 | 3.0 | 4.9 | 5.8 | 42.6% |
| Italy | 0.1 | N/A | 1.5 | 3.8 | 236.2% |
| Greece | N/A | N/A | 0.1 | 3.2 | 3100.0% |
| Angola | 2.2 | 1.1 | 1.8 | 2.3 | 1.5% |
| Belgium | 1.7 | 1.0 | 1.9 | 1.9 | 3.8% |
| Others | 1.6 | 1.8 | 2.7 | 4.1 | 36.8% |
| Total | 50.9 | 50.6 | 71.8 | 92.1 | 21.9% |
Top Export Markets for Beef from Portugal in 2022:
- Spain (8.5K tons)
- Netherlands (2.8K tons)
- France (1.5K tons)
- United Kingdom (1.5K tons)
- Germany (1.2K tons)
- Greece (0.6K tons)
- Italy (0.6K tons)
- Belgium (0.5K tons)
- Angola (0.4K tons)
This report provides an in-depth analysis of the beef market in Portugal. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 947 - Buffalo meat
- FCL 867 - Meat of cattle
Country coverage:
- Portugal
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Portugal
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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